SRV Group’s governance model
SRV has a single-level governance model, and its highest decision-making body is the company’s General Meeting of shareholders. The company’s shareholders elect the Board of Directors and Auditor at the Annual General Meeting. The Shareholders’ Nomination Board makes proposals on the composition and remuneration of the Board of Directors to the Annual General Meeting.
The Board of Directors is responsible for the company’s administration and the due organisation of operations. The Board has an Audit Committee and a Personnel and Remuneration Committee, and their tasks include preparing matters concerning the company’s financial reporting, internal control and remuneration.
The Board of Directors appoints the company’s President & CEO, who is supported in their work by the Corporate Executive Team.
The internal audit function is responsible for the company’s independent audit activities, and reports to the President & CEO, the CFO and the Board’s Audit Committee.
On 1 March 2023, the company issued a separate Corporate Governance Statement.
Governance environment
SRV Group Plc is a Finnish limited liability company, and the responsibilities and obligations of its governing bodies are defined in accordance with applicable Finnish legislation and regulations. The parent company, SRV Group Plc, and its subsidiaries form the SRV Group. The company is domiciled in Espoo.
In its corporate governance and decision-making, SRV complies with its values and Code of Conduct, the Limited Liability Companies Act, other regulations concerning listed companies in Finland, SRV’s Articles of Association, the standing orders of the Board of Directors and its committees, the company’s policies and other internal guidelines, and the rules and guidelines issued by the European Securities and Markets Authority, the Financial Supervisory Authority and Nasdaq Helsinki Oy. SRV also complies with the Securities Market Association’s Corporate Governance Code, which came into force on 1 January 2020 and is available on the association’s website: www.cgfinland.fi
